Equity mutual funds witnessed an outflow of Rs 734 crore in September, making it the third consecutive month-to-month withdrawal, primarily on account of pull-out from multi-cap house.
Besides, traders pulled out over Rs 51,900 crore from debt mutual funds (MFs) final month in comparison with Rs three,907 crore in August, knowledge from the Association of Mutual Funds in India confirmed on Thursday.
Overall, the mutual fund business witnessed a internet outflow of somewhat over Rs 52,000 crore throughout all segments in the course of the interval beneath evaluation, as in opposition to Rs 14,553 crore in August.
This outflow might be attributed to withdrawals from liquid, fairness and hybrid schemes.
As per the info, the outflow from fairness and equity-linked open-ended schemes was at Rs 734.40 crore in September, in comparison with Rs four,000 crore in August and Rs 2,480 crore in July.
Equity MFs noticed their first outflow in over 4 years in July on profit-booking.
Equity schemes attracted Rs 240.55 crore in June, Rs 5,256 crore in May, Rs 6,213 crore in April, Rs 11,723 crore in March, Rs 10,796 crore in February and Rs 7,877 crore in January.
In September this yr, besides giant & mid-cap, targeted and sectoral classes, all the opposite fairness classes witnessed internet outflow.
In the fairness section, multi-cap was the worst hit with an outflow of Rs 1,114 crore, adopted by large-cap (Rs 576 crore), worth fund (Rs 489 crore) and mid-cap (Rs 68 crore).
Among fixed-income securities, liquid schemes noticed a pull-out of Rs 65,952 crore, ultra-short period funds (Rs four,867 crore) and cash market (Rs four,857 crore).
Credit threat funds noticed an outflow of Rs 539 crore within the interval beneath evaluation, which was decrease than Rs 554 crore in August, Rs 670 crore in July, Rs 1,494 crore in June, Rs 5,173 crore in May and Rs 19,239 crore in April.
Besides, traders are choosing safe-haven belongings with gold exchange-traded funds (ETFs) witnessing an influx of Rs 597 crore.
The belongings beneath administration of mutual fund business rose to Rs 26.86 lakh crore at September-end from Rs 27.5 lakh crore at August-end.